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Question 218 - IIA-CIA-Part1 discussion

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Due to the increased operational responsibility of the CEO the chief audit executive (CAE) of an organization currently reports to the chief financial officer (CFO) What is the likely impact of such a situation?

A.
There may be limitation in the scope of engagements that can be undertaken
Answers
A.
There may be limitation in the scope of engagements that can be undertaken
B.
The CFO could provide expert advice when auditing areas under his purview
Answers
B.
The CFO could provide expert advice when auditing areas under his purview
C.
The internal audit activity is adequately positioned when the CAE reports to a member of executive management
Answers
C.
The internal audit activity is adequately positioned when the CAE reports to a member of executive management
D.
The expertise of finance staff can be called upon during an audit of finance-related areas
Answers
D.
The expertise of finance staff can be called upon during an audit of finance-related areas
Suggested answer: A
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asked 18/09/2024
Cristian Pernia
42 questions
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